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Buying BMV is Half The Cost Of Renting PDF Print E-mail
Blog and News - BMV Property
Written by John Angeletta   
Friday, 17 February 2012 16:08
Buying a Below Market Value home can be a whopping 56% (£407) a month cheaper than renting.

The typical monthly cost to buy a £165,000, 3-bed house at 25%BMV in the UK is *£309 pcm, compared with the average £716 per month to rent the same type of property.

This contrasts with the peak of the property market in 2008, when a mortgage on the average valued home cost around 29% more than renting.

A recent Halifax report reveals that home buying costs have fallen dramatically, driven down by the decline in the average monthly mortgage payment which is due to the fall in mortgage rates and house prices (11% over last 3-years), whilst the average cost of renting has risen by 9% since 2009.

Remember, anyone can buy a below market value property either as an investment or to live in.

So, why pay 33% more than you have to to acquire a decent family home. And, if you can't find a BMV deal where you want to live, simply buy BMV anywhere and enjoy the excess rental income to support where you do want to live.

To explore genuine BMV options, call John on 0203 239 4359.
 
*75%LTV @ 4%APR 

STOP PRESS STOP PRESS
 
Heavy fines or a long jail term for the boss of fraudulent Oxford letting agent Charles Lawson.

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